Why Hong Kong still wins as a jurisdiction in 2026
Singapore, Dubai, Hong Kong — how to decide? Our uncompromising 2026 analysis with the real numbers and the traps no-one talks about.
The elephant in the room
Singapore, Dubai, Hong Kong, Estonia. For three years, every international entrepreneur has been asking the same question: where do I incorporate? Comparisons abound — most are disguised marketing pieces.
Here is what the data actually shows in 2026, after our firm has handled over 400 incorporation files.
Tax: yes, but…
Hong Kong applies a territorial system. Only what is earned in Hong Kong is taxed. 8.25% on the first HK$2M of profits. 16.5% above. And 0% on offshore profits — subject to obtaining offshore status, which is not automatic.
Singapore offers a similar system at 17% nominal, with aggressive exemptions for the first years. Dubai introduced a 9% tax in 2023 that changed the game for small operators.
The real question is not the rate. It is stability.
Banking: where the dream often ends
70% of offshore structures do not survive the banking step. Hong Kong banks have become demanding after the money-laundering waves of the 2010s — but they still open accounts, and well.
“An HSBC account remains the international signature par excellence. No European bank asks for additional justification when you invoice from there.”
The verdict
For a SaaS entrepreneur, an e-commerce operator or a consultant: Hong Kong, no hesitation, provided the offshore status is structured correctly from year one.
For a regional real estate investor: Dubai or Singapore depending on assets.
For a family holding: Hong Kong + Luxembourg in cascade remains the most elegant structure.